Mention341073

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so:text Inflation is unjust and Deflation is inexpedient. Of the two perhaps Deflation is, if we rule out exaggerated inflations such as that of Germany, the worse; because it is worse, in an impoverished world, to provoke unemployment than to disappoint the rentier. But it is not necessary that we should weigh one evil against the other. It is easier to agree that both are evils to be shunned. (en)
so:isPartOf https://en.wikiquote.org/wiki/John_Maynard_Keynes
so:description Essays in Persuasion (1931) (en)
qkg:hasContext qkg:Context167829
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qkg:Quotation322200 qkg:hasMention
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